Buying under construction property, interest
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 Dec 10 2018, 11:19 PM, updated 8y ago
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#1
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Senior Member
1,044 posts Joined: Feb 2009  
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 I know that buying under construction property needs to pay interest for money bank released. But roughly how long it takes for each step? Property are said to be completed in year 2021 Q3 As were told by the developer the 2(b) will begin around June 2019. |
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Dec 11 2018, 12:02 AM
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#2
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space 
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No definite timeline as all depending on how fast is the progression.
But generally lower floor unit will end up paying more progressive interest compare to higher floor unit. |
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Dec 11 2018, 10:45 PM
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#3
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Junior Member
221 posts Joined: May 2017 From: Negeri Sembilan
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QUOTE(AskarPerang @ Dec 11 2018, 12:02 AM) No definite timeline as all depending on how fast is the progression. Can you share why is that so? Any logical reason?But generally lower floor unit will end up paying more progressive interest compare to higher floor unit.  |
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Dec 11 2018, 10:51 PM
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#4
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space
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QUOTE(jimmyng @ Dec 11 2018, 10:45 PM) Can you share why is that so? Any logical reason? Refer to the above pics. Coz the schedule 2b,c,d, etc of the progressive will complete first for lower floor unit. Compare to higher floor unit maybe still serving just 2a progress only. See the term under each stage. If "building", then all will be charged the same. If "parcel", then is base on individual unit. |
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